An address panic-sold 3,313 ETH 15 minutes ago, reducing profits to $338,000

GateUser-6433627c · 2026-02-23T01:37:30+00:00

On February 23, on-chain analysis showed that addresses holding more than 2 years of ETH experienced a panic sell-off of 3,313 ETH 15 minutes ago, with profits shrinking to $338,000. Previously, unrealized gains exceeded $19.96 million without any reduction. This address accumulated 6,569.27 ETH between September 2023 and February 2024 at an average price of $1,792.1, and now half of the position remains near the cost basis.

GateUser-6433627c

2026-02-23 01:37:30

Abstract generation in progress

On February 23, according to on-chain analyst Ai Yi (@ai_9684xtpa), an address holding ETH for over 2 years panic-sold 3,313 ETH 15 minutes ago, reducing its profit to $338,000. Last August, the overall position was temporarily in a profit of over $19.96 million but did not reduce the position. Between September 2023 and February 2024, this address accumulated 6,569.27 ETH (worth $11.77 million) at an average price of $1,792.1. It has since been staking, and currently, half of the remaining position is near the cost basis.

ETH-4,61%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes